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Elysium Investments Inc., a Toronto-based real estate investment and development firm founded in 2023, has acquired a 1.23-acre transit-oriented development site at 21–29 Oakmount Road and 26–36 Mountview Avenue near High Park in Toronto, bringing its total investments to over $200 million in just over a year and advancing its pipeline toward 4,000 housing units and more than $3 billion in developments. The project is planned as two high-rise residential towers on a shared podium, delivering purpose-built rental housing in a transit-connected location, in partnership with Estonian developer Hepsor, Oikoi Living and lead capital partner NorthPeak. Elysium is led by chair Harley Mintz, co-founder and former vice chair of Deloitte, veteran developer Jamie Torpey, and CEO Sayf Hassan, who has nearly 25 years of residential and mixed-use experience across Canada. In a separate interview, Hassan describes a “golden age of development” in Toronto and the Greater Toronto Area, highlighting Elysium’s purpose-built rental pipeline exceeding 4,500 units and approaching a development value of $4 billion, focused on sites with strong transit access such as 41–47 Talara Drive and 17–29 Glenavy Avenue.
Parties
Company
Elysium Investments Inc.
Company
Hepsor
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date